Infineon Technologies AG (IFNNF): New Buy Recommendation for This Technology Giant

Bernstein analyst David Dai CFA maintained a Buy rating on Infineon Technologies AG (IFNNF – Research Report) today and set a price target of €45.00. The company’s shares closed yesterday at $40.18.

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According to TipRanks, Dai CFA is a 2-star analyst with an average return of 1.5% and a 56.00% success rate. Dai CFA covers the Technology sector, focusing on stocks such as Advantest, Tokyo Electron, and Disco.

Currently, the analyst consensus on Infineon Technologies AG is a Strong Buy with an average price target of $45.95, a 14.36% upside from current levels. In a report released on June 6, Jefferies also maintained a Buy rating on the stock with a €42.00 price target.

The company has a one-year high of $43.58 and a one-year low of $26.60. Currently, Infineon Technologies AG has an average volume of 18.8K.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IFNNF in relation to earlier this year.